Renter insurance
How does renters insurance work?
If you experience a covered loss in your rented space, renters insurance can help to cover the associated costs. The amount covered will depend on the type of loss that occurred and the amount of coverage you have.
There are two types of coverage options under a typical renters policy: Actual Cash Value coverage and Replacement Cost coverage. Here’s the difference between the two:
🗸 Actual Cash Value coverage will reimburse you for the value of the items at the time of the damage or loss.
🗸 Replacement Cost coverage covers the cost it takes to replace the items lost or damaged.
Find out more about the benefits of renters insurance and get a quote online today. Also, remember to always make sure to thoroughly read through your policy so that you have an understanding of what is and isn’t covered.